RBI Leaves Interest Rate Unchanged

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

MUMBAI?The Reserve Bank of India left its main interest rate unchanged Tuesday, as contradictory data failed to provide a clear picture of the health of Asia's third-largest economy. RBI Governor Raghuram Rajan said he is still waiting for banks to ...

Australia Holds Rates Amid Hopeful Signs -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's central bank left interest rates unchanged on Tuesday, as expected, while leaving the door open for a cut later in the year should the economy falter. The Reserve Bank of Australia, or RBA, kept the cash-rate ...

Farmland Investments Take Root

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By David Kesmodel And Jesse Newman Farmland is attracting growing interest from pension plans, hedge funds and even mom-and-pop investors as they seek to diversify assets and capitalize on an agriculture-industry slump that has pushed down land prices in some ...

Puerto Rico Defaults on Most of Debt Payment--Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Aaron Kuriloff Puerto Rico missed most of a $58 million bond payment Monday, marking the first default by the U.S. commonwealth and escalating its attempt to restructure about $72 billion in debt. The payment to bondholders is the first ...

Community Health Plans Spinoff, Reports Jump in Earnings

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Community Health Systems Inc. raised its earnings guidance for the year as its second-quarter profit more than doubled thanks to its acquisition of Health Management Associates Inc. Separately, the hospital operator also announced plans to spin off a group of ...

Tencent Offers to Buy eLong -- Update

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Josh Beckerman NEW YORK-- Tencent Holdings Ltd. wants to buy the rest of Chinese travel company eLong Inc., as the Internet conglomerate and its rivals look to benefit from China's growing legions of travelers. Tencent is offering $18 per ...

Australia Central Bank Holds Rates Steady

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's central bank left interest rates unchanged on Tuesday, as expected, while leaving the door open for a cut later in the year should the economy falter. The board of the Reserve Bank of Australia left the ...

Australia Retail Sales Rise by More Than Expected

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australian retail sales rose by 0.7% in June from May, a stronger gain than economists were expecting and the biggest month-to-month increase since February. Economists had been expecting a rise of 0.5% in June from May. Retail ...

Tencent Offers to Buy Chinese Online Travel Company ELong

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Josh Beckerman Chinese online travel company eLong Inc. (LONG) has received a takeover offer from its shareholder Tencent Holdings Ltd. (TCEHY, 0700.HK), the latest move in a sector that has seen an abundance of deal activity. Tencent is offering ...

Australia's Trade Deficit Widens on Import Gains

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By James Glynn SYDNEY--Australia's trade deficit widened in June to a seasonally adjusted shortfall of A$2.93 billion, compared with a deficit of A$2.68 billion in May, the Australian Bureau of Statistics said Tuesday. The figure was lower than the A$3.1 ...

IMF Says Sanctions Take Toll On Russia

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

MOSCOW?Russia's economy faces the loss of as much as 9% of its inflation-adjusted value of goods and services it produces if Western sanctions and Moscow's retaliatory measures remain in place in the medium term, the International Monetary Fund said on ...

Tencent Offers to Buy eLong

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

Chinese online travel company eLong Inc. has received a takeover offer from its shareholder Tencent Holdings Ltd., the latest move in a sector that has seen an abundance of deal activity. Tencent is offering $18 per American depositary share in ...

UK Financial Investments Sells 5.4% of RBS

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

LONDON--UK Financial Investments Ltd. said Tuesday it has sold 5.4% of the issued shares of Royal Bank of Scotland Group PLC at 330 pence, raising 2.08 billion pounds ($3.25 billion) for the treasury. Following the sale HM Treasury's economic interest ...

India's Central Bank Leaves Main Interest Rate Unchanged

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Gabriele Parussini MUMBAI--The Reserve Bank of India left its main interest rate unchanged Tuesday, as contradictory data failed to provide a clear picture of the health of Asia's third-largest economy. RBI Governor Raghuram Rajan said he is still waiting ...

Origin Energy Sells Holding in Contact Energy

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Robb M. Stewart MELBOURNE, Australia--Origin Energy Ltd. (ORG.AU) will sell its controlling stake in New Zealand utility Contact Energy Ltd. (CEN.NZ), netting the Australian energy company about 1.8 billion New Zealand dollars (US$1.2 billion) that will be used to ...

South Korea Consumer Prices Rise 0.7% on-Year in July

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Kwanwoo Jun SEOUL--South Korea's consumer price index rose 0.7% on the year in July as widely expected, data showed Tuesday. The July reading is exactly in line with the median forecast in a Wall Street Journal survey of seven ...

IMF Says Sanctions Take Toll On Russia

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Andrey Ostroukh MOSCOW--Russia's economy faces the loss of as much as 9% of its inflation-adjusted value of goods and services it produces if Western sanctions and Moscow's retaliatory measures remain in place in the medium term, the International Monetary ...

Oil Prices Claw Up From Four-Month Lows

TODAY: Aug. 4, 2015 PUB DATE: Aug. 4, 2015

By Biman Mukherji HONG KONG--Oil prices clawed up Tuesday from four-month lows the previous day, though looming new supply from Iran kept a lid on gains. Brent oil prices remain below $50 a barrel, a level last seen in January. ...